Under the deal, Bowling Green-Warren County Community Hospital Corp., doing business as The Medical Center, would acquire Caverna Memorial. Caverna Memorial will become The Medical Center at Caverna when the transaction is complete. The deal is expected to close at the end of the year.
Established 48 years ago, Caverna Memorial is a 25-bed, nonprofit critical access hospital. The Medical Center is a 337-bed nonprofit regional referral hospital.
Upon its acquisition of Caverna, Bowling Green, Ky.-based Commonwealth Health Corporation, the parent company of The Medical Center, will operate five acute care hospitals in southcentral Kentucky.
More articles on transaction and valuation issues:
6 recent hospital transactions and partnerships
Bankrupt Maine hospital merges with Mid Coast Health
Lafayette General Health to acquire hospital from HCA
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit